Type: Bullish BounceKey Levels:Resistance: 33462.53Pivot: 32613.24Support: 31887.63Preferred Case:On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from the pivot at 32613.24 where the pullback support is to the 1st resistance at 33462.53 where the swing high resistance, 161.8% fibonacci extension and -61.8% fibonacci expansion are.Alternative Scenario:Alternatively, price could break pivot structure and drop to 1st support at 31887.63 where the pullback support, -61.8% fibonacci expansion, 38.2% fibonacci retracement and 78.6% fibonacci projection are.
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